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TriNet Group Inc (TNET)

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Upturn Advisory Summary
12/24/2025: TNET (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $70.4
1 Year Target Price $70.4
| 2 | Strong Buy |
| 0 | Buy |
| 3 | Hold |
| 1 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -32.16% | Avg. Invested days 35 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.81B USD | Price to earnings Ratio 21.07 | 1Y Target Price 70.4 |
Price to earnings Ratio 21.07 | 1Y Target Price 70.4 | ||
Volume (30-day avg) 6 | Beta 0.83 | 52 Weeks Range 54.22 - 95.92 | Updated Date 12/25/2025 |
52 Weeks Range 54.22 - 95.92 | Updated Date 12/25/2025 | ||
Dividends yield (FY) 1.87% | Basic EPS (TTM) 2.75 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 2.68% | Operating Margin (TTM) 3.95% |
Management Effectiveness
Return on Assets (TTM) 3.44% | Return on Equity (TTM) 111.3% |
Valuation
Trailing PE 21.07 | Forward PE 12.2 | Enterprise Value 3404398812 | Price to Sales(TTM) 0.57 |
Enterprise Value 3404398812 | Price to Sales(TTM) 0.57 | ||
Enterprise Value to Revenue 0.68 | Enterprise Value to EBITDA 10.74 | Shares Outstanding 48030361 | Shares Floating 29158272 |
Shares Outstanding 48030361 | Shares Floating 29158272 | ||
Percent Insiders 1.56 | Percent Institutions 96.97 |
Upturn AI SWOT
TriNet Group Inc

Company Overview
History and Background
TriNet Group Inc. was founded in 1988. It has grown to become a leading provider of comprehensive human resources solutions for small to medium-sized businesses (SMBs). The company went public on the New York Stock Exchange (NYSE) under the ticker symbol TNET in 2014. TriNet focuses on offering a bundled service that includes payroll, benefits administration, HR compliance, and other HR support.
Core Business Areas
- Professional Employer Organization (PEO) Services: TriNet provides PEO services, which involve co-employment. This means TriNet becomes the employer of record for tax and insurance purposes, allowing SMBs to access Fortune 500-level benefits and HR expertise. This includes health insurance, workers' compensation, retirement plans, and payroll processing.
- HR Technology and Platform: The company offers a proprietary HR technology platform that integrates various HR functions, providing clients with a centralized dashboard for managing payroll, benefits, time tracking, and HR documents. This platform aims to streamline HR operations for SMBs.
- Compliance and Risk Management: TriNet helps businesses navigate complex HR regulations, including labor laws, tax filings, and workers' compensation. This service is crucial for SMBs that may lack dedicated in-house HR expertise.
Leadership and Structure
TriNet is led by a management team with extensive experience in HR, technology, and finance. The organizational structure is designed to support its service delivery model, with dedicated teams for sales, client services, operations, technology, and compliance. Specific leadership roles (CEO, CFO, etc.) can be found in their latest investor relations reports and company filings.
Top Products and Market Share
Key Offerings
- PEO Services: TriNet's core offering is its PEO service, which bundles payroll, benefits administration, HR compliance, and access to a broad network of healthcare providers and insurance carriers. This service is designed to be a one-stop solution for SMBs. Competitors include ADP, Insperity, Justworks, and Paychex.
- TriNet HR on Demand: A technology platform that provides self-service HR tools, payroll processing, benefits management, and access to HR experts. This product targets businesses that may not require full PEO services but need robust HR technology and support. Competitors include Gusto, Rippling, and Paycor.
- Workers' Compensation: TriNet manages workers' compensation insurance for its clients, handling claims, risk management, and premium payments. This is a critical component of their PEO offering. Competitors include various insurance carriers and specialized risk management firms.
Market Dynamics
Industry Overview
The HR outsourcing and PEO industry is characterized by its growth, driven by the increasing complexity of HR regulations, the desire for SMBs to access better benefits, and the trend towards flexible work arrangements. The industry serves a large and growing segment of businesses that lack the resources for in-house HR departments. Technology adoption is also a significant trend, with companies seeking integrated HR platforms.
Positioning
TriNet is positioned as a premium provider of PEO services, focusing on specific industries and types of SMBs, particularly those with 5-200 employees. Their competitive advantage lies in their deep industry expertise, robust technology platform, and comprehensive service offering, which aims to deliver a superior client experience. They target companies that value a high level of service and are willing to invest in comprehensive HR solutions.
Total Addressable Market (TAM)
The TAM for HR outsourcing and PEO services is substantial and growing. It includes millions of small and medium-sized businesses in the US. TriNet is well-positioned to capture a significant share of this market, particularly within its target segments. The company's growth strategy focuses on expanding its client base and deepening its service offerings within the SMB sector.
Upturn SWOT Analysis
Strengths
- Strong brand recognition and reputation in the SMB HR solutions market.
- Comprehensive PEO service offering including payroll, benefits, and compliance.
- Proprietary HR technology platform enhancing client experience and efficiency.
- Experienced leadership team with deep industry knowledge.
- Focus on specific industries provides specialized expertise and client targeting.
Weaknesses
- Higher price point compared to some competitors, which may deter budget-conscious SMBs.
- Reliance on co-employment model for PEO services, which may not suit all businesses.
- Potential for complexity in managing diverse client needs across various industries.
- Customer service can be a point of contention for some clients if not managed effectively.
Opportunities
- Expanding market reach into new geographic regions and industries.
- Leveraging technology to further enhance service offerings and automation.
- Acquiring smaller HR service providers to gain market share and talent.
- Developing new specialized HR solutions for emerging business needs.
- Increasing adoption of PEO services by SMBs due to regulatory complexity and benefit needs.
Threats
- Intense competition from established players and emerging startups.
- Changes in labor laws and regulations that could impact the PEO model.
- Economic downturns affecting SMBs' ability to afford outsourcing services.
- Data security breaches and privacy concerns related to handling sensitive employee data.
- Client churn due to perceived value or service quality issues.
Competitors and Market Share
Key Competitors
- ADP (ADP)
- Insperity (NSP)
- Paychex (PAYX)
- Justworks (JW)
Competitive Landscape
TriNet competes in a fragmented but growing market. Its competitive advantages include its specialized industry focus and robust technology platform, which differentiate it from broader HR service providers. However, it faces strong competition from larger, well-established players with extensive client bases and resources. The key for TriNet is to maintain its focus on service quality and value proposition for its target SMB segment.
Growth Trajectory and Initiatives
Historical Growth: TriNet has demonstrated a consistent track record of growth over the past several years, driven by increased client adoption of PEO services and expansion within its target SMB market. This growth has been fueled by a combination of organic client acquisition and potentially strategic acquisitions.
Future Projections: Future growth projections for TriNet are generally positive, driven by the ongoing trend of HR outsourcing and the increasing complexity of HR compliance for SMBs. Analyst estimates often point to continued revenue growth and improving profitability as the company scales its operations and technology.
Recent Initiatives: Recent initiatives likely focus on enhancing its technology platform, expanding its service offerings to address evolving client needs, and potentially entering new market segments or geographic areas. Strategic partnerships and targeted marketing campaigns are also common initiatives.
Summary
TriNet Group Inc. is a strong player in the HR outsourcing market, particularly for small to medium-sized businesses. Its core PEO services, integrated technology platform, and focus on compliance provide significant value. While facing intense competition and a premium pricing model, its growth trajectory is positive, fueled by the increasing need for expert HR solutions among SMBs. The company's focus on specific industries and continuous technological advancement are key to its ongoing success.
Similar Stocks
Sources and Disclaimers
Data Sources:
- TriNet Group Inc. Investor Relations
- SEC Filings (10-K, 10-Q)
- Industry research reports
- Financial news and analysis websites
Disclaimers:
This analysis is based on publicly available information and is intended for informational purposes only. It does not constitute financial advice. Investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About TriNet Group Inc
Exchange NYSE | Headquaters Dublin, CA, United States | ||
IPO Launch date 2014-03-27 | President, CEO & Director Mr. Michael Quinn Simonds | ||
Sector Industrials | Industry Staffing & Employment Services | Full time employees 335273 | Website https://www.trinet.com |
Full time employees 335273 | Website https://www.trinet.com | ||
TriNet Group, Inc. provides comprehensive and flexible human capital management services for small and medium size businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefits law compliance; and other HR related services. It also provides technology platform, an online and mobile tool that allows users to store, view, and manager HR information and administer various HR transactions, such as payroll processing, tax administration and credits, employee onboarding and termination, employee performance, time and attendance, compensation reporting, expense management, and benefits enrollment and administration, as well as incorporated workforce analytics and allows professional employer organization clients to generate HR data, payroll, compensation, and other custom reports. The company serves clients in various industries, including technology, professional services, financial services, life sciences, and not-for-profit. It sells its solutions through its direct sales organization. TriNet Group, Inc. was incorporated in 1988 and is headquartered in Dublin, California.

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